Saturday, June 25, 2011

In an interview with CNN, First Lady Michelle Obama thanks the media for their "support" and "kindness."

CNN reporter: "How's the family ready for this [the election]? It's going to be quite vicious, isn't it? How do you prepare for that?"

First Lady Michelle Obama: "You know, it's … we're ready, you know. Our children, you know, could care less about what we're doing. We work hard to do that. Fortunately, we have help from the media. I have to say this: I'm very grateful for the support and kindness that we've gotten. People have respected their privacy and in that way, I think, you know, no matter what people may feel about my husband's policies or what have you, they care about children and that's been good to see."

(CNSNews.com) - Pointing to double-digit unemployment rates among African Americans and Hispanics, Rep. Michele Bachmann (R.-Minn.) said on Friday that President Barack Obama “has failed” both these communities.

“This president has failed the Hispanic community. He has failed the African-American community,” said Bachmann. “He has failed us all when it comes to jobs.”

Friday, June 17, 2011

When it comes to measuring the combination of unemployment and inflation, it doesn’t get much more miserable than this.

In fa

Getty Images

ct, misery, as measured in the unofficial Misery Index that simply totals the unemployment and inflation rates, is at a 28-year high, reflective of how weak the economic recovery has been and how far there is to go.

The index, first compiled during the soaring inflation days of the 1970s by economist Arthur Okun, is registering a nausea-inducing 12.7—9.1 percent for unemployment and 3.6 percent for annualized inflation—a number not seen since 1983. The index has been above 10 since November 2009 and had been under double-digits from June 1993 through May 2008.

The good news, of course, is that the Fed-led Paul Volcker embarked on a highly successful inflation-slaying campaign that brought the level of misery down sharply through the rest of the ’80s recovery decade.

Earlier in the week, at a jobs council meeting, the president was called out for saying that "shovel-ready projects' weren't quite as shovel-ready as he thought. Then later, in an interview with NBC News, Obama suggested that innovation and technology -- like job-stealing ATMs -- were reasons why the employment rate was not rebounding as quickly as he had hoped.

Wednesday, June 15, 2011

Democrats are ready to take responsibility for the state of the economy and they deserve credit for putting it on the right track, the party’s chairwoman, Rep. Debbie Wasserman Schultz, said on Wednesday.

“We own the economy. We own the beginning of the turnaround and we want to make sure that we continue that pace of recovery, not go back to the policies of the past under the Bush administration that put us in the ditch in the first place,” Wasserman Schultz told Mike Allen at POLITICO’s ‘Playbook Breakfast.’

Tuesday, June 14, 2011

WORLDPakistan Arrests C.I.A. Informants in Bin Laden RaidBy ERIC SCHMITT and MARK MAZZETTIPublished: June 14, 2011Pakistan’s detention of five C.I.A. informants, including a Pakistani Army major, is the latest evidence of the fractured relationship between the United States and Pakistan.

Monday, June 13, 2011

ST. PAUL, Minn. — Minnesota Rep. Michele Bachmann, an outspoken Republican with close ties to the tea party, announced Monday that she is running for president, a candidacy that could further shake up a volatile fight for the GOP nomination.The first female contender to enter the 2012 race, Bachmann announced her bid during a Republican presidential debate in New Hampshire. The third-term Minnesota congresswoman has been leaning heavily toward a run over the past few months, visiting early primary states, raising money and railing against President Barack Obama.

"We cannot risk giving President Obama four more years to dismantle our nation. We must act now," Bachmann said in a fundraising letter sent within an hour of her entrance. "That's why I've made the decision to get in this race."